Situation with low credit but moneySo I am not sure if my situation is unique or backwards or nothing special? I have a low credit score, 537. I have been through a real rough past 5 years and although I struggled and did my best this is where I sit. It seems a little backwards. I managed to pay off all of my credit card debt (32K) over the past 5 years, and although there were many 30 day late payments and what not I have nothing written off and nothing in collections. I do however have about 95K in student loan debt, with late payments. I even just discovered a loan today that I am 10 months behind on. Set up payments and will look positive from here on out but dang, that is a lesson learned for looking at your credit report for sure!!So everything is getting paid on time from here on out. The backwards part to me is that I have a debt to income ratio of less than 6%. With that said, I have finally paid my dues and have landed a very good paying position at the company I have been with for 4 years.. So here is what my stats are;Credit Score 537Monthly Debt payments $538 (my credit report shows $468)Gross monthly income $6,200Down payment $28,000With that said I am looking to try and get a house in December. I am not sure how much I can repair my credit score in that time... Maybe 50 to 80 points?Is 10 months even a realistic time frame to be looking at getting a mortgage of around 200K? I understand the lower my score the higher my rate, but lets say I move my score up to 580 -600 by December, do I even stand a chance with these numbers? I am looking in Mesa and Gilbert Arizona area. Thank you for reading my first post!March 29 2011 - Mesa00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.